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Insurance companies bleeding, yet no decision on increasing FDI limit! Naidu’s return augurs well for Seemandhra Land reclamation from sea appears cheaper! Quality silica from Neyveli Demise of a media baron... Airlines in India: cost and space Online not in line with brick and mortar businesses... Adapt Vajpayee dinner diplomacy When online building permits work…. Sweet news for TN sugar mills Preserving for the future Shaming of Tamils by Tamil farmers at Delhi The balancing act ONGC at KG Basin Scientists urged to take up farmer-oriented research Welcome changes that testify to Jayalalithaa’s return to health A welcome initiative by the judiciary Of course, Gujarat is vibrant Infrastructure funding – lessons learnt An informal presentation - analytical, forward locking... Why land prices zoom in TN? PPP mode for upgrading Corporation Hospitals Pharma – overdose of copying Multi-faceted Venkat TGS- The king storyteller Haul over the coal Tough task taking states together The rise and fall of Annamalai University The Gulf aviation boom Telangana in top gear… Wanted: a second airport for Chennai Readers' Mail A more liberated TN… IAS invades NDDB... Cement prices continue to rise… Tax agriculture The Jan Dhan bonanza The Swadeshi Trump Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated Welcome focus on core competence A proud Madrasi An enemy’s enemy is a friend Welcome thrust on trade in Modi’s foreign visits... EVM is tamper-proof Should we change the official year? More Shakthi to Das’ elbow Rs.1600 crore paper board plant of TNPL Come elections, come advertisements... Music happens Poor representation for Kerala and TN in Cabinet CIPET hqrs to stay at Guindy – for the present? 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S V Raju – a ‘good’ true liberal WTO Meet: resolved to meet again Intellectual of rare qualities No engine for this car Whistle-Stop Tour of Raghuram Rajan Like Hinduism: many paths to reach God... Muffled voices for merit… Plummeting profits of PSBs CSR and CMI: promise of another Srinivasan Ramanujan... Dr C Rangarajan returns to Chennai Make standards certification mandatory... Marketing expert Balagopal is no more Roaring Ro-Ro facility A professional at the helm of IRDA... Delhi is distant… F C Kohli - his concerns all embracing Tihar, Puzhal not different from Parappana Agrahara Excel Generators provide the vital back-up Moily’s bold thrust R Sridhar steps down as CEO of Shriram Capital Solar, solar everywhere … GM Technology at last! All eyes on Sankara Nethralaya Road development slows down Waning interest in public discussions… Noble nonagenarians... PC’s preference for professionals Fuel for thought Computation of GDP – conundrums continue Tribute – UCAL Selvan… Boy, can you beat these? More tributes to GR China invests in India Russi Mody – a tribute Measuring roof tops in terms of KW/MW EEC at the National Media Centre Delhi is distant Parliament in paralysis... Poor quality of university VCs Liberal imports idling indigenous capacities L&T: focus on infrastructure and more infrastructure… Align crops to agro climate endowments… Engineering seats go abegging Kulandai was a giant Revive development banks... New IT products of Ramco in the pipeline… Limit foreign borrowings to hi-tech, export potential projects... Increasing non co-operation of state leaders Return to king coal for urea... L&T- the specialty of special purpose vehicles Tatas moving out of urea production... Where is Rajaji? Shale gas and its shallow future Adharma of opposition politics The star of Spencers is no more Mu Sigma – is no more Modi and the lady Diamond jubilee of Egmore Samskrt School Maximising the micro pricing … The few handicaps... Naidu will soon build a new Hyderabad GNS - 100: our first subscriber Fortune for Indian Airlines Revving up the manufacturing sector S Ramanathan – a versatile musician, musicologist A Grand Finale for SN’s MS centenary at the US… Valli, they are more marginalised For whom the MIDS bell tolls? No Maha Koottani in TN... When nations steal growth from one another… Banning booze... Fortune 500 review Quality education through the PPP mode The ‘Jayanthi Tax.’ More heat than light Robber barons everywhere Remembering Indira Sivasailam... Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai Tribute – Manikam Ramaswami TIAM turns a full cycle IPL - no surprise this scam The why of tax incentives Towards speedy justice Cutting the nose to spite the face There was flood of milk. Reason: no milk commissioner! No mega rail project for Tamil Nadu He continues the focus on social amelioration Padma Bhushan for A Ramakrishna Recognition to role of NBFCs.... Not just in-laws (and outlaws); they’ve renowned academics at the helm! Breaththrough in malaria control MHC should not return to its old indisciplined ways Funding the un-funded The nuclear option Auto components surge… Shipping woes of Chennai companies Contrarian cousins Shanti and Sadhana through Music Paytm karo... TELANGANA at last…BUT Tatas moving out of urea production... The rise and rise of KCP He saved millions from starvation... Tribute – M V Murugappan Lesson from Chandrababu Naidu Building loyalty through the stomach Reliance’s TV – 18 ready to launch Tamil News Channel How Air-India loses customs... Editor's Says Put expensive assets created to use... A friendly business group CRS, a jewel among managers, is no more. When Ratan Tata visited SRM Another Indian music maestro at the UN Small units prefers to remain small... A think tank for Chennai Odisha: spectacular win by Naveen Patnaik Vibrant Gujarat Alexa – Talking Wikipedia TN-leverage strength of BHEL, NLC... Making ‘my Amaravati’... When small is no larger beautiful.. The brown list of Venkitaramanan Wise Presidents This scant respect for Law Protest masters... Convulsions in The Hindu SoA @ 80
 
When nations steal growth from one another…

Delhi is distant. For long I have been suggesting policy makers in Delhi to visit state capitals and other cities to explain policy and its implications. This should extend to Union ministers including the Prime Minister, secretaries to several departments and other political bigwigs of the party in power. The efforts seem confined to the prime minister through his man ki baat and tweets. I again suggest a change in this by policymakers expanding their contacts at the regional level.

In this background, the initiative of Dr C Rangarajan (CR), to present, initially Chief Economic Advisor Arvind Subramanian and subsequently RBI Governor Raghuram Rajan, was welcome. Both the outstanding economists were alumni of IIM-A and thus it was easy for Dr Rangarajan who was a distinguished professor at IIM-A, to present them at the Madras School of Economics of which CR is the chairman.

In his short visit to the city, Raghuram Rajan didn’t talk  about monetary policy or other facets of current concern.  He chose a subject on India and the international financial system. It was a brilliant analysis on the present state of the global economy struggling to regain momentum in economic growth. His reference to nations attempting to ‘steal’ growth from one another and the reasons for it, provoked a good deal of thought.

A note of thanks to Dr Rangarajan for bringing these luminaries focused on Delhi and Mumbai to Chennai.

 

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